Solana Holds $186 Support — Buy on Weakness if Volatility Continues
I see SOL trading at $186.98, down about 3.6% after the SEC delayed its ETF decision, but still holding above a key support level.
Technical indicators show bullish momentum despite the pullback, though price action is mixed and regulatory headlines are keeping volatility elevated.
I’m watching for either a confirmed breakdown below $186 or a clear recovery above short-term moving averages; I’d prefer to buy on weakness or wait for confirmation before increasing position size.
Analysis
Recommendation
Recommendation: buy on weakness — consider entries on a retest of the $180–$170 area or after a decisive close above short-term moving averages, and use stops below the support band to manage risk.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.